KMT Stock Analysis: Kennametal | NYSE

Tungsten Carbides, Ceramics, Cutting Tools, Metallurgical Powders

Total Rating 67

Safety 91

Buy Signal 0.52

Tools & Accessories
Industry Rotation: +3.1

Market Cap: 2.37B
Avg Turnover: 40.4M

Risk 3d forecast

Volatility37.0%

VaR 5^th Pctl5.84%

VaR vs Median-4.11%

Reward TTM

Sharpe Ratio1.08

Rel. Str. IBD52.3

Rel. Str. Peer Group55

Character TTM

Beta1.176

Beta Downside1.002

Hurst Exponent0.396

Drawdowns 3y

Max DD42.94%

CAGR/Max DD0.28

CAGR/Mean DD0.81

EPS (Earnings per Share)

EPS CAGR: 22.21%
EPS Trend: 53.8%

Last SUE: 4.00
Qual. Beats: 4

Revenue

Rev. CAGR: 1.84%
Rev. Trend: 34.6%

Last SUE: 0.88
Qual. Beats: 2

Warnings

Earnings Expected To Drop (P/E To P/E Forward)

Below Sma 200d

Tailwinds

Confidence

Seasonality 11.7 years of data

Jan -0.0% 7

Feb -0.9% 15

Mar -2.2% 22

Apr -3.4% 12

May +3.0% 8

Jun -3.3% 6

Jul +6.7% 12

Aug -4.6% 11

Sep -0.7% 2

Oct +1.1% 2

Nov +10.4% 59

Dec -0.3% 0

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: KMT Kennametal

Kennametal Inc. (NYSE: KMT) is a Pittsburgh-based industrial manufacturer founded in 1938 that develops tungsten carbides, ceramics, and other hard materials for customers worldwide. It reports under two business segments: Metal Cutting and Infrastructure, with the Metal Cutting business selling milling, hole making, turning, threading, and toolmaking systems to makers of airframes, aero engines, trucks, automobiles, ships, and general industrial equipment under the Kennametal, WIDIA, WIDIA Hanita, and WIDIA GTD brands.

The Infrastructure segment produces engineered tungsten carbide and ceramic components, earth-cutting tools, and metallurgical powders that serve oil and gas, petrochemical, mining, road milling, aerospace, defense, and packaging end markets. Products include frac seats and nozzles for energy applications, armor and tungsten penetrators for aerospace and defense, and ceramics used in film and paper metallization. Distribution is handled through a direct sales force as well as independent and national distributors, integrated supplier channels, and digital channels.

KMT is classified in the GICS Industrials sector within Industrial Machinery & Supplies & Components and trades as a U.S. mid-cap common stock following its 1987 listing. As a supplier of wear-resistant tooling and engineered components, the companys revenue is tied to capital spending cycles in heavy industries such as energy, mining, aerospace and defense, and industrial manufacturing, which together drive demand for hard-material cutting and wear solutions.

Headlines to Watch Out For

Metal Cutting margins pressured by weaker auto and industrial demand
Infrastructure segment lifts on rising oil and gas drilling activity
Tungsten raw material costs compress consolidated operating margins

Piotroski VR-10 (Strict) 5.5

Net Income: 342.4m TTM > 0 and > 6% of Revenue
FCF/TA: -0.03 > 0.02 and ΔFCF/TA -7.24 > 1.0
NWC/Revenue: 46.47% < 20% (prev 31.37%; Δ 15.10% < -1%)
CFO/TA -0.00 > 3% & CFO -4.01m > Net Income 342.4m
Net Debt (714.2m) to EBITDA (587.2m): 1.22 < 3
Current Ratio: 2.62 > 1.5 & < 3
Outstanding Shares: last quarter (77.9m) vs 12m ago 1.29% < -2%
Gross Margin: 41.06% > 18% (prev 30.41%; Δ 10.65% > 0.5%)
Asset Turnover: 82.47% > 50% (prev 77.27%; Δ 5.20% > 0%)
Interest Coverage Ratio: 16.63 > 6 (EBIT TTM 477.2m / Interest Expense TTM 28.7m)

Altman Z'' 5.97

A: 0.35 (Total Current Assets 1.77b - Total Current Liabilities 676.7m) / Total Assets 3.17b
B: 0.47 (Retained Earnings 1.48b / Total Assets 3.17b)
C: 0.17 (EBIT TTM 477.2m / Avg Total Assets 2.86b)
D: 1.01 (Book Value of Equity 1.57b / Total Liabilities 1.56b)
Altman-Z'' = 5.97 = AAA

Beneish M -3.09

DSRI: 1.15 (Receivables 408.4m/295.4m, Revenue 2.36b/1.97b)
GMI: 0.74 (GM 30.41% / 41.06%)
AQI: 0.82 (AQ_t 0.17 / AQ_t-1 0.21)
SGI: 1.20 (Revenue 2.36b / 1.97b)
TATA: 0.11 (NI 342.4m - CFO -4.01m) / TA 3.17b)
Beneish M = -3.09 (Cap -4..+1) = AA

What is the price of KMT shares?

As of September 30, 2026, the stock is trading at USD 31.01 with a total of 1,108,457 shares traded. Over the past week, the price has changed by +4.76%, over one month by +5.69%, over three months by -10.37% and over the past year by +52.76%.

Current recommended Stop Loss: 29.80 (which is 3.9% or 1.2 ATR below the current price).

Is KMT a buy, sell or hold?

Kennametal has received a consensus analysts rating of 2.50. Therefore, it is recommended to sell KMT.

StrongBuy: 0
Buy: 0
Hold: 5
Sell: 2
StrongSell: 1

What are the forecasts/targets for the KMT price?

Analysts Target Price	32.4	4.6%

Kennametal (KMT) - Fundamental Data Overview as of 29 September 2026

Market Cap USD = 2.37b (2.37b USD * 1.0 USD.USD)
P/E Trailing = 7.0204
P/E Forward = 21.3675
P/S = 1.0058
P/B = 1.4404
P/EG = 1.253
Revenue TTM = 2.36b USD
EBIT TTM = 477.2m USD
EBITDA TTM = 587.2m USD
Long Term Debt = 685.3m USD (from longTermDebt, last quarter)
Short Term Debt = 43.9m USD (from shortTermDebt, last quarter)
Debt = 810.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 46.3m
Net Debt = 714.2m USD (calculated: Debt 810.0m - CCE 95.8m)
Enterprise Value = 3.08b USD (2.37b + Debt 810.0m - CCE 95.8m)
Interest Coverage Ratio = 16.63 (Ebit TTM 477.2m / Interest Expense TTM 28.7m)
EV/FCF = -38.12x (Enterprise Value 3.08b / FCF TTM -80.9m)
FCF Yield = -2.62% (FCF TTM -80.9m / Enterprise Value 3.08b)
FCF Margin = -3.43% (FCF TTM -80.9m / Revenue TTM 2.36b)
Net Margin = 14.53% (Net Income TTM 342.4m / Revenue TTM 2.36b)
Gross Margin = 41.06% ((Revenue TTM 2.36b - Cost of Revenue TTM 1.39b) / Revenue TTM)
Gross Margin QoQ = 58.86% (prev 34.69%)
Tobins Q-Ratio = 0.97 (Enterprise Value 3.08b / Total Assets 3.17b)
Interest Expense / Debt = 3.54% (Interest Expense 28.7m / Debt 810.0m)
Taxrate = 24.04% (110.9m / 461.3m)
NOPAT = 362.5m (EBIT 477.2m * (1 - 24.04%))
Current Ratio = 2.62 (Total Current Assets 1.77b / Total Current Liabilities 676.7m)
Debt / Equity = 0.52 (Debt 810.0m / totalStockholderEquity, last quarter 1.57b)
Debt / EBITDA = 1.22 (Net Debt 714.2m / EBITDA 587.2m)
Debt / FCF = -8.83 (negative FCF - burning cash) (Net Debt 714.2m / FCF TTM -80.9m)
Total Stockholder Equity = 1.38b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.98% (Net Income 342.4m / Total Assets 3.17b)
RoE = 24.79% (Net Income TTM 342.4m / Total Stockholder Equity 1.38b)
RoCE = 23.10% (EBIT 477.2m / Capital Employed (Equity 1.38b + L.T.Debt 685.3m))
RoIC = 14.85% (NOPAT 362.5m / Invested Capital 2.44b)
WACC = 8.23% (E(2.37b)/V(3.18b) * Re(10.12%) + D(810.0m)/V(3.18b) * Rd(3.54%) * (1-Tc(0.24)))
Discount Rate = 10.12% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -79.49 | Cagr: -1.08%
[DCF] Fair Price = unknown (Cash Flow -80.9m)
EPS Correlation: 53.80 | EPS CAGR: 22.21% | SUE: 4.0 | # QB: 4
Revenue Correlation: 34.56 | Revenue CAGR: 1.84% | SUE: 0.88 | # QB: 2
EPS current Quarter (2026-09-30): EPS=2.65 | Chg30d=+4.65% | Revisions=+62% | Analysts=8
EPS next Quarter (2026-12-31): EPS=1.36 | Chg30d=+37.15% | Revisions=+17% | Analysts=5
EPS current Year (2027-06-30): EPS=4.95 | Chg30d=-0.01% | Revisions=+50% | GrowthEPS=+8.4% | GrowthRev=+43.4%
EPS next Year (2028-06-30): EPS=2.65 | Chg30d=+7.85% | Revisions=+12% | GrowthEPS=-46.2% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +52% (up=16, down=4)